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Side-by-side financial comparison of CARRIAGE SERVICES INC (CSV) and PubMatic, Inc. (PUBM). Click either name above to swap in a different company.

CARRIAGE SERVICES INC is the larger business by last-quarter revenue ($105.5M vs $80.0M, roughly 1.3× PubMatic, Inc.). On growth, CARRIAGE SERVICES INC posted the faster year-over-year revenue change (8.0% vs -6.4%). PubMatic, Inc. produced more free cash flow last quarter ($11.3M vs $6.2M). Over the past eight quarters, PubMatic, Inc.'s revenue compounded faster (9.5% CAGR vs 1.0%).

Jardine Cycle & Carriage Limited is the investment holding company of Jardines in Southeast Asia. It is currently 75% held by the conglomerate.

PubMatic, Inc. develops and implements online advertising software and strategies for the digital publishing and advertising industry. PubMatic's sell-side, real-time programmatic ad transaction advertising software puts publishers of websites, videos, and mobile apps into contact with ad buyers by using automated systems, while allowing users to opt-out of having their personal information collected on internet searches. PubMatic has a number of offices in countries around the world.

CSV vs PUBM — Head-to-Head

Bigger by revenue
CSV
CSV
1.3× larger
CSV
$105.5M
$80.0M
PUBM
Growing faster (revenue YoY)
CSV
CSV
+14.3% gap
CSV
8.0%
-6.4%
PUBM
More free cash flow
PUBM
PUBM
$5.1M more FCF
PUBM
$11.3M
$6.2M
CSV
Faster 2-yr revenue CAGR
PUBM
PUBM
Annualised
PUBM
9.5%
1.0%
CSV

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CSV
CSV
PUBM
PUBM
Revenue
$105.5M
$80.0M
Net Profit
$12.3M
Gross Margin
34.8%
68.2%
Operating Margin
23.3%
10.6%
Net Margin
11.6%
Revenue YoY
8.0%
-6.4%
Net Profit YoY
24.5%
EPS (diluted)
$0.76
$0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CSV
CSV
PUBM
PUBM
Q4 25
$105.5M
$80.0M
Q3 25
$102.7M
$68.0M
Q2 25
$102.1M
$71.1M
Q1 25
$107.1M
$63.8M
Q4 24
$97.7M
$85.5M
Q3 24
$100.7M
$71.8M
Q2 24
$102.3M
$67.3M
Q1 24
$103.5M
$66.7M
Net Profit
CSV
CSV
PUBM
PUBM
Q4 25
$12.3M
Q3 25
$6.6M
$-6.5M
Q2 25
$11.7M
$-5.2M
Q1 25
$20.9M
$-9.5M
Q4 24
$9.9M
Q3 24
$9.9M
$-912.0K
Q2 24
$6.3M
$2.0M
Q1 24
$7.0M
$-2.5M
Gross Margin
CSV
CSV
PUBM
PUBM
Q4 25
34.8%
68.2%
Q3 25
35.3%
62.6%
Q2 25
35.2%
62.6%
Q1 25
35.3%
59.9%
Q4 24
34.4%
70.8%
Q3 24
35.2%
64.5%
Q2 24
36.2%
62.6%
Q1 24
36.0%
61.9%
Operating Margin
CSV
CSV
PUBM
PUBM
Q4 25
23.3%
10.6%
Q3 25
17.0%
-12.4%
Q2 25
23.5%
-7.7%
Q1 25
29.5%
-18.6%
Q4 24
21.6%
17.3%
Q3 24
22.7%
-1.9%
Q2 24
18.0%
-5.9%
Q1 24
18.8%
-8.3%
Net Margin
CSV
CSV
PUBM
PUBM
Q4 25
11.6%
Q3 25
6.4%
-9.5%
Q2 25
11.5%
-7.3%
Q1 25
19.5%
-14.9%
Q4 24
10.1%
Q3 24
9.8%
-1.3%
Q2 24
6.1%
2.9%
Q1 24
6.7%
-3.7%
EPS (diluted)
CSV
CSV
PUBM
PUBM
Q4 25
$0.76
$0.14
Q3 25
$0.41
$-0.14
Q2 25
$0.74
$-0.11
Q1 25
$1.34
$-0.20
Q4 24
$0.62
$0.26
Q3 24
$0.63
$-0.02
Q2 24
$0.40
$0.04
Q1 24
$0.45
$-0.05

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CSV
CSV
PUBM
PUBM
Cash + ST InvestmentsLiquidity on hand
$1.7M
$145.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$254.8M
$262.6M
Total Assets
$1.3B
$680.2M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CSV
CSV
PUBM
PUBM
Q4 25
$1.7M
$145.5M
Q3 25
$1.2M
$136.5M
Q2 25
$1.4M
$90.5M
Q1 25
$4.6M
$101.8M
Q4 24
$1.2M
$100.5M
Q3 24
$1.3M
$78.9M
Q2 24
$1.5M
$73.5M
Q1 24
$1.7M
$80.2M
Stockholders' Equity
CSV
CSV
PUBM
PUBM
Q4 25
$254.8M
$262.6M
Q3 25
$242.1M
$245.1M
Q2 25
$235.4M
$243.3M
Q1 25
$223.1M
$275.6M
Q4 24
$208.6M
$277.3M
Q3 24
$198.1M
$263.2M
Q2 24
$187.9M
$282.7M
Q1 24
$179.6M
$288.7M
Total Assets
CSV
CSV
PUBM
PUBM
Q4 25
$1.3B
$680.2M
Q3 25
$1.3B
$676.2M
Q2 25
$1.3B
$675.2M
Q1 25
$1.3B
$668.6M
Q4 24
$1.3B
$739.5M
Q3 24
$1.3B
$689.1M
Q2 24
$1.3B
$673.1M
Q1 24
$1.3B
$626.2M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CSV
CSV
PUBM
PUBM
Operating Cash FlowLast quarter
$14.1M
$18.2M
Free Cash FlowOCF − Capex
$6.2M
$11.3M
FCF MarginFCF / Revenue
5.9%
14.1%
Capex IntensityCapex / Revenue
7.5%
8.6%
Cash ConversionOCF / Net Profit
1.15×
TTM Free Cash FlowTrailing 4 quarters
$40.1M
$66.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CSV
CSV
PUBM
PUBM
Q4 25
$14.1M
$18.2M
Q3 25
$24.7M
$32.4M
Q2 25
$8.1M
$14.9M
Q1 25
$13.8M
$15.6M
Q4 24
$9.3M
$18.0M
Q3 24
$20.9M
$19.1M
Q2 24
$2.2M
$11.9M
Q1 24
$19.7M
$24.3M
Free Cash Flow
CSV
CSV
PUBM
PUBM
Q4 25
$6.2M
$11.3M
Q3 25
$18.0M
$27.7M
Q2 25
$5.2M
$13.6M
Q1 25
$10.6M
$14.2M
Q4 24
$4.9M
$13.7M
Q3 24
$16.2M
$7.4M
Q2 24
$-1.4M
$11.2M
Q1 24
$16.2M
$23.5M
FCF Margin
CSV
CSV
PUBM
PUBM
Q4 25
5.9%
14.1%
Q3 25
17.5%
40.8%
Q2 25
5.1%
19.1%
Q1 25
9.9%
22.2%
Q4 24
5.0%
16.1%
Q3 24
16.1%
10.3%
Q2 24
-1.4%
16.7%
Q1 24
15.6%
35.2%
Capex Intensity
CSV
CSV
PUBM
PUBM
Q4 25
7.5%
8.6%
Q3 25
6.5%
6.9%
Q2 25
2.8%
1.9%
Q1 25
3.0%
2.3%
Q4 24
4.5%
5.1%
Q3 24
4.6%
16.3%
Q2 24
3.5%
1.1%
Q1 24
3.4%
1.2%
Cash Conversion
CSV
CSV
PUBM
PUBM
Q4 25
1.15×
Q3 25
3.76×
Q2 25
0.69×
Q1 25
0.66×
Q4 24
0.94×
Q3 24
2.11×
Q2 24
0.34×
6.06×
Q1 24
2.83×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CSV
CSV

Propertyand Merchandise$47.8M45%
Cemetery Interment Rights$24.8M23%
Merchandise$18.9M18%
Other Revenue$10.2M10%
Other$3.9M4%

PUBM
PUBM

Segment breakdown not available.

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